Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

The following table summarizes the fair value balances (in thousands):

			Fair Value Measurement at
			June 30, 2020
	Total		Level 1		Level 2		Level 3
Assets:
Deferred compensation assets (1)	$	44,056	$	—	$	44,056	$	—
	$	44,056	$	—	$	44,056	$	—
Liabilities:
Deferred compensation plan	$	33,861	$	—	$	33,861	$	—
5 year interest rate swap		1,175		—		1,175		—
10 year interest rate swap		2,446		—		2,446		—
	$	37,482	$	—	$	37,482	$	—

			Fair Value Measurement at
			December 31, 2019
	Total		Level 1		Level 2		Level 3
Assets:
Deferred compensation assets (1)	$	47,009	$	—	$	47,009	$	—
	$	47,009	$	—	$	47,009	$	—
Liabilities:
Deferred compensation plan	$	34,081	$	—	$	34,081	$	—
10 year interest rate swap		1,054		—		1,054		—
	$	35,135	$	—	$	35,135	$	—

(1) Deferred compensation assets consist of the cash surrender value of life insurance policies and are intended to assist in the funding of the deferred compensation agreements.